Intel 2008 Annual Report Download - page 29

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Table of Contents
PART II
Information regarding the market price range of Intel common stock and dividend information may be found in “Financial
Information by Quarter (Unaudited)” in Part II, Item 8 of this Form 10-K.
In 2008, during the first quarter we paid a cash dividend of $0.1275 per common share, and during the second, third, and
fourth quarters we paid a cash dividend of $0.14 per common share, for a total of $0.5475 for the year ($0.1125 each quarter
during 2007 for a total of $0.45 for the year). We have paid a cash dividend in each of the past 65 quarters. In January 2009,
our Board of Directors declared a cash dividend of $0.14 per common share for the first quarter of 2009. The dividend is
payable on March 1, 2009 to stockholders of record on February 7, 2009.
As of February 6, 2009, there were approximately 180,000 registered holders of record of Intel’s common stock. A
substantially greater number of holders of Intel common stock are “street name” or beneficial holders, whose shares are held
of record by banks, brokers, and other financial institutions.
Issuer Purchases of Equity Securities
We have an ongoing authorization, amended in November 2005, from our Board of Directors to repurchase up to $25 billion
in shares of our common stock in open market or negotiated transactions. As of December 27, 2008, $7.4 billion remained
available for repurchase under the existing repurchase authorization. A portion of our purchases in 2008 was executed under
privately negotiated forward purchase agreements. In the third quarter of 2008, we executed a forward purchase agreement
with Lehman Brothers OTC Derivatives Inc. (Lehman Brothers) in which we prepaid $1.0 billion and received an equivalent
$1.0 billion of cash collateral from Lehman Brothers. However, in the fourth quarter, Lehman Brothers failed to deliver shares
of Intel common stock, and we foreclosed on the $1.0 billion collateral.
Common stock repurchases under our authorized plan in each quarter of 2008 were as follows (in millions, except per share
amounts):
We did not make any common stock repurchases under our authorized plan during the fourth quarter of 2008.
For the majority of restricted stock units granted, the number of shares issued on the date the restricted stock units vest is net
of the statutory withholding requirements that we pay on behalf of our employees. These withheld shares are not included in
the common stock repurchase totals in the tables above. For further discussion, see “Note 20: Common Stock Repurchases” in
Part II, Item 8 of this Form 10-K.
24
ITEM 5.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
Total
Number of
Shares
Average
Purchased
Total
Price
as Part of
Number
Paid
Publicly
of Shares
Per
Announced
Period
Purchased
Share
Plans
December 30, 2007
–
March 29, 2008
121.9
$
20.51
121.9
March 30, 2008
–
June 28, 2008
108.8
$
22.98
108.8
June 29, 2008
–
September 27, 2008
93.4
$
22.67
93.4
September 28, 2008
–
December 27, 2008
—
$
—
—
Total
324.1
$
21.96
324.1